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21 December, 01:50

You want to buy a $16,000 car. the company is offering a 5% interest rate for 48 months (4 years). what will your monthly payments be?

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Answers (2)
  1. 21 December, 01:57
    0
    The monthly payment is $368.47.
  2. 21 December, 01:59
    0
    The equation would be y=16000 (.05) ^4

    that would equal 0.1
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